Frontier Digital Ventures (ASX:FDV) reports record preliminary results

Company News

by Katrina Bullock

Frontier Digital Ventures (ASX:FDV) reports record revenue following the release of its preliminary results for the 12 months ended 31 December 2019.

Full year portfolio revenue is up 75 per cent to $72.5 million. 

4 companies recorded positive EBITDA in FY19 (Zameen, Infocasas, iMyanmar and AutoDeal) while 2 additional companies recorded positive EBITDA in 4Q 2019 (Encuentra24 and Moteur). The company says portfolio-wide profitability is approaching in 2020. 

CEO, Shaun Di Gregorio says "FDV is well positioned with significant funding flexibility and a portfolio which continues to perform strongly".   

Shares in Frontier Digital Ventures (ASX:FDV)  are trading 1.06 per cent higher at $0.95.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.